Only if institutional holders continue to prop it up for end of quarter window dressing. It won't look pretty for those funds holding AMZN if they don't get the price up soon. They need to act in unison to move the price up. If one of them bails at the end of the quarter then it will be real ugly for the rest of them.
He probably used a method similar to the one that you used to come up with 35 but with different assumptions. Only difference was that your bias was extremely one might say bear fantasy level negative whereas his was mildly conservatively positive.